, faster shipping and a surge in cloud data storage and computing revenue among the highlights.
Shares were up more than 9% in late-morning trade, shrugging off a down market spooked by the Coronavirus. The move promised the company will likely hit the market close worth over $1 trillion. It’s flirted with the mark before, including late yesterday afternoon, but never closed there. It would follow — who else? — Apple, Google parent Alphabet, and Microsoft into the stock market ether.
“Amazon’s ability to re-accelerate revenue growth at such a large scale is evidence that its investments are paying off,” said J.P. Morgan analyst Doug Anmuth. In all, nearly half of the 51 Wall Street analysts covering Amazon raised their 12-month price targets on the company’s stock.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
BKB29
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiping their way higher: Visa, Mastercard could be the next $1 trillion companiesSwiping their way higher: Visa, Mastercard could be the next $1 trillion companies via LKrauskopf LKrauskopf Credit card companies. Making money on the backs of the most vulnerable people for decades. Credit card companies do not make money with people that pay their bills on time. LKrauskopf LKrauskopf Those bastards.
Source: Reuters - 🏆 2. / 97 Read more »
IBM's new CEO said he is targeting the $1 trillion hybrid cloud market - Business InsiderIBM's new CEO, Arvind Krishna, is a 29-year veteran who has been leading the company's bid to conquer the $1 trillion hybrid cloud market. 1. Arvind Krishna elected as IBM CEO 2. Jim Whitehurst elected IBM President 3. Ginni Rometty as Executive Chairman of the Board all things considered, for me, in short, this reads like rock solid success plan for the continued future of IBM, made up of a team of champions
Source: BusinessInsider - 🏆 729. / 51 Read more »